All Strategy articles – Page 131
-
NewsAirports body predicts travel surge but warns of $94bn revenue loss in 2021
Airports industry body ACI World expects a “surge” in travel demand during the second half of 2021, but that global passenger numbers will still be down some 47.5% for the full year compared with pre-Covid levels.
-
NewsAustrian to reduce fleet and staffing levels
Austrian Airlines intends to make further cutbacks to its active fleet and headcount, and has warned that it will miss the earnings targets it outlined last year.
-
NewsAmerican prepays CARES Act loan with $10bn financing proceeds
American Airlines has closed a previously announced $10 billion financing backed by its customer loyalty programme and used a portion of the proceeds to prepay its CARES Act loan to the US Treasury.
-
NewsCargo focus helps China Airlines eke out profit in 2020
A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic has helped China Airlines stay in the black, despite a sharp decline in passenger travel demand.
-
NewsStart-up Norse Atlantic plans $152 million private placement
Norwegian long-haul start-up Norse Atlantic is seeking to raise NKr1.28 billion ($152 million) via a private placement and plans to list on Olso’s Euronext Growth exchange.
-
NewsAir Baltic’s all-A220 fleet to help it ‘fly out’ of crisis: chief
Air Baltic chief executive Martin Gauss has reaffirmed the carrier’s commitment to an IPO, and expressed confidence that its strategy to become an all-Airbus A220 operator makes it “well-positioned” to emerge from the Covid-19 crisis.
-
NewsAer Lingus to launch transatlantic flights from Manchester in July
Irish carrier Aer Lingus has confirmed moves to launch its first transatlantic flights from the UK after disclosing plans to begin services from Manchester to New York JFK and Orlando this summer.
-
NewsIAG uses Gatwick slots to secure new $1.8 billion credit revolver
IAG has signed a $1.76 billion revolving credit facility with a syndicate of banks, using take-off and landing slots at both London Heathrow and Gatwick airports as collateral.
-
NewsLosses treble at Kenya Airways amid worst year for traffic since 1999
Kenya Airways’ losses tripled to KShs36 billion for the 12 months to December 2020, a year in which pandemic disruption led to passenger levels falling to their lowest level since 1999.
-
NewsFormer Spirit chief takes vice-chairman role at India’s GoAir
Former Spirit Airlines chief executive Ben Baldanza is to become vice-chairman of Indian carrier GoAir as it looks to strengthen its senior management and develop its ultra-low-cost model.
-
NewsAirAsia to swap stock for full ownership of loyalty programme
Malaysia’s AirAsia Group and Aimia Holdings UK II have signed a memorandum of understanding (MoU) for a $25 million stock swap deal, for the latter’s 20% equity interest in the airline group’s loyalty programme.
-
NewsEVA Air in the red in 2020, while China Airlines remains profitable
Taiwan’s two major carriers — China Airlines and EVA Air— have reported contrasting financial results for the year ended 31 December 2020.
-
NewsUS trade groups call on government to ease travel restrictions
Numerous lobby groups and trade organisations representing the aviation and travel industries have called upon the US government to develop a roadmap that would relax international restrictions and once again allow foreign tourists to enter the country.
-
NewsEasyJet chief dismisses sustainable fuels as irrelevant to short-haul future
Short-haul carriers have little reason to invest in the development of sustainable aviation fuels (SAFs) when new propulsion technologies are on the horizon, in the view of EasyJet chief executive Johan Lundgren.
-
NewsAlaska Airlines names new chief operating officer
Constance von Muehlen has been named as Alaska Airlines’ new chief operating officer, effective 3 April.
-
NewsBeleaguered HNA Group seeks investors for aviation assets
China’s HNA Group wants strategic investors for its airline and airport units, days after receiving court approval to merge 321 related companies into a single entity for restructuring purposes.
-
NewsWith a view of Mount Fuji, China Airlines bids farewell to 747
China Airlines has ended more than 45 years of Boeing 747 passenger operations with a flight to nowhere that circled Mount Fuji in Japan on its last 747-400.
-
NewsBamboo Airways targets third quarter for IPO
Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter.
-
NewsChina Airlines appoints company veteran as new president
China Airlines has promoted Shing-Hwang Kao, a company veteran of over 35 years, to become its new president.
-
NewsGol’s 2020 loss nears R5bn despite profitable final quarter
Brazil’s Gol swung to a profit in the fourth quarter of 2020, though substantial losses in the first nine months of the year left the Sao Paulo-based airline with a full-year loss of R4.9 billion ($881 million).